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IPFS News Link • Economy - Economics USA

GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases

8-1-2008 • Bloomberg

General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.

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Reported By Powell Gammill

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GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases

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